What the analyst said

Goldman Sachs analyst James Schneider reiterated a Neutral rating and $160 price target on Qualcomm (NASDAQ: QCOM).

“We expect the stock to trade modestly lower following an in-line quarter and better revenue guidance, with early momentum in Qualcomm’s datacenter business offsetting persistent smartphone headwinds driven by memory-related demand destruction.

Although we believe investor positioning was relatively balanced heading into the quarter, we think investors will want to see more evidence of the magnitude and timing of the Datacenter ramp through FY27 – especially in light of near-term smartphone weakness.

We also believe investors may look for more evidence of gross margin stabilization before getting more constructive on the stock.

We maintain our Neutral rating given the near-term headwinds in the smartphone market, balanced against undemanding valuation and growth optionality in the company’s non-traditional markets such as Datacenter and Automotive.”

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Where the price stands

QCOM trades at $156. The 13 analysts who set a target in the last 3 months range from $150 to $320, with a median of $190. This $160 target is 16% below the median.

12-month window: day 0 of 365, closes on November 5, 2027.

Track record

This callOpen: a 12-month target, scored on November 5, 2027, a year after the note.

Firm track recordGoldman Sachs: 78% of its 37 targets at least a year old were reached within 12 months (#16 of 26 firms). Accuracy ranking →

Goldman Sachs on Qualcomm

Goldman Sachs price targets on Qualcomm

2 calls from March 30, 2026 to November 5, 2026. The target went from $135 to $160 (+19%). The rating stayed Hold.

Goldman Sachs targetQCOM share price
  1. November 5, 2026 This noteTarget raised from $135 (+19%)Hold$160
  2. March 30, 2026Earliest call shownHold$135
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Other analysts on Qualcomm

Morgan StanleyHold Cut price target −10%, kept rating Nov 5 $197from $220 JP MorganHold Cut price target −7%, kept rating Nov 5 $200from $215 BairdBuy Cut price target −20%, kept rating Nov 5 $320from $400 RosenblattBuy Cut price target −13%, kept rating Nov 5 $205from $235 SusquehannaHold Cut price target −11%, kept rating Nov 5 $165from $185
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.